What is PotCoin?
PotCoin is a crypto-currency started in 2014 with the aims of being used as the standard medium for the legalized marijuana market. It is designed to be a safe, peer-to-peer transfer crypto-currency that makes the purchase of weed faster and more efficient. Additionally, it helps to lower transfer and transaction costs which, looking at it from an economic standpoint, will cause a greater demand for weed as users will be able to pay less for the same amount of marijuana obtained, leading to a greater willingness to purchase.
PotCoin and Market Trends
As show in recent trends in the crypto-currency market for PotCoin, demand has vastly skyrocketed and increased within the last few months. Part of such growth can be attributed to the widespread increase in legalization movements for marijuana, such movements included in my home state of Florida. PotCoin has followed a general incline in its value and worth, seeing vast increases in its usage alongside the advent of online dispensaries. Furthermore, an increase in its usage can be correlated to the decrease in marijuana stigmas, as it is seen less and less as just some illicit drug but a real economic opportunity and venture. This of course increases demand not only for weed but currency in which to buy it.
Should You Invest in PotCoin?
As of the time of this post, the value of PotCoin has vastly increased and inflated. However, although it is on a minor trend downwards, with the increase of volume of legalized marijuana and states allowing it, it is strongly recommended to invest in it for the long-term growth of this drug withing America, as there is huge potential for this market in the upcoming months even.